Loading…
Manufactures glass bottles and jars for wine, spirits, beer and food packaging.
Manufactures glass bottles and jars for wine, spirits, beer and food packaging.
Sells bottles and jars in high volumes to wine, spirits, beer and food producers, mostly under annual contracts with price adjustments for energy and raw-material costs, which matters because glass furnaces run on gas and power. The business is concentrated in Europe and Latin America.
Moat: narrow (scale, installed base, switching costs). Large, energy-efficient glass furnace network and long-term supply contracts with beverage producers.
Headquarters: Courbevoie, France · Founded: 1827 · Employees: 11,000
Size Verallia SAS (VRLA.PA) is a France Materials company (Containers/Packaging) with a market value of $2.56B, the 96th largest of 206 France companies the cockpit tracks. Shares closed at €17.86 on 6 Nov 2026.
Performance Over six months the shares fell 10.0%, against -0.8% for the median peer and -0.4% for the France market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue fell 3.1% over the last twelve months (peer median +1.7%); the operating margin is 9.2% (peer median 6.0%).
Valuation It trades at 14.7× forward earnings against a peer median of 16.3× (9th cheapest of 19).
Price implies For today's price to make sense, revenue must grow about 6% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is -0 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.2 points below its cost of capital (8.0% WACC).
Next results Next results expected around 17 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €3.31B | €3.33B | €3.46B | €3.90B | €3.35B |
| Revenue growth | — | -4% | -11% | +16% | — |
| Gross profit | €498M | €505M | €644M | €980M | €764M |
| EBITDA | €677M | €678M | €827M | €1.09B | €864M |
| Net income | €48.4M | €90.6M | €236M | €470M | €342M |
| Free cash flow | €222M | €208M | €127M | €392M | €304M |
| Capital expenditure | €236M | €259M | €399M | €420M | €367M |
| Total debt | n/a | €2.25B | €2.25B | €1.84B | €1.76B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Verallia SAS VRLA.PA | $2.56B | -10% | -3% | 9% | 14.7× | 5.6% |
| O-I Glass OI | $796M | -44% | -2% | 9% | 10.1× | n/a |
| Vidrala VID.MC | $3.63B | +18% | -3% | 21% | 14.6× | 5.8% |
| Vetropack VETN.SW | $470M | -3% | -5% | 4% | 23.9× | 0.4% |
| Zignago Vetro ZV.MI | $628M | -10% | 0% | 8% | 16.8× | 12.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | VRLA.PA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.2% | +2.0% | 8th lowest of 21 |
| 6-month return | -10.0% | -0.8% | 6th lowest of 21 |
| Distance from 52-week high | -26.8% | -18.0% | 7th lowest of 21 |
| Revenue growth (TTM) | -3.1% | +1.7% | 6th lowest of 21 |
| Operating margin | 9.2% | 6.0% | 7th highest of 21 |
| Forward P/E | 14.7× | 16.3× | 9th cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | 5.6% | 4.1% | 7th most demanding of 16 |
| Growth delivered (Del g) | +5.6% | +6.5% | 7th lowest of 16 |
| Hurdle (Req g minus delivered) | -0.0 pp | -5.6 pp | 6th most demanding of 16 |
| ROIC minus cost of capital | -0.2 pp | +0.7 pp | 11th highest of 21 |
| EV / EBITDA | 6.1× | 8.3× | cheapest of 14 |
| Net debt / EBITDA | 2.6× | 2.0× | 7th most indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Verallia SAS VRLA.PA | France | $2.56B | -10% | -3% | 9% | 14.7× | 5.6% | +5.6% |
| Nine Dragons Paper 2689.HK | Hong Kong | $2.76B | -29% | +22% | 9% | 4.4× | n/a | n/a |
| Ardagh Metal Packaging AMBP | United States | $2.82B | +18% | +17% | 5% | 17.0× | 4.1% | +9.8% |
| Viscofan VIS.MC | Spain | $2.86B | -5% | +3% | 15% | 16.6× | -3.4% | +6.5% |
| Huhtamaki HUH1V.HE | Finland | $3.12B | -1% | -2% | 9% | 11.0× | -6.3% | +3.7% |
| Jia Yao 1626.HK | Hong Kong | $2.05B | +175% | +161% | 6% | n/a | n/a | n/a |
| Graphic Packaging GPK | United States | $3.31B | +5% | 0% | 6% | 12.3× | 5.0% | +5.6% |
| Winpak WPK.TO | Canada | $1.91B | +12% | +3% | 15% | 12.5× | -10.9% | +6.6% |
| Shandong Pharmaceutical Glass 600529.SS | China | $1.85B | 0% | -9% | 18% | 16.5× | -2.4% | +5.5% |
| Vidrala VID.MC | Spain | $3.63B | +18% | -3% | 21% | 14.6× | 5.8% | +8.2% |
| Toyo Seikan 5901.T | Japan | $3.69B | +34% | +6% | 6% | 20.4× | -2.7% | +5.2% |
| Greif GEF | United States | $3.95B | +7% | -2% | 8% | 16.1× | 7.9% | -4.7% |
| ORG Technology 002701.SZ | China | $1.65B | -22% | +24% | 5% | 9.6× | -5.2% | +15.8% |
| Jiamei Food Packaging (Chuzhou) 002969.SZ | China | $1.55B | -56% | -10% | 6% | 86.4× | 22.4% | +7.3% |
| Shanghai Zijiang Enterprise 600210.SS | China | $1.54B | -3% | -18% | 10% | 11.3× | n/a | n/a |
| Jiangsu Hualan New Pharmaceutical Material 301093.SZ | China | $1.53B | -27% | +6% | 5% | 77.4× | 50.9% | +6.7% |
| Oji 3861.T | Japan | $4.31B | -3% | 0% | 2% | 20.6× | 20.4% | +6.5% |
| Shanghai Shunho New Materials Technology 002565.SZ | China | $1.51B | -50% | -15% | -3% | n/a | n/a | n/a |
| Silgan SLGN | United States | $4.34B | +2% | +4% | 10% | 10.2× | -5.8% | +5.7% |
| Mondi MNDI.L | United Kingdom | $4.69B | +5% | +5% | 4% | 36.1× | 15.4% | +2.1% |
| TriMas TRS | United States | $1.37B | -10% | -33% | 5% | 19.1× | n/a | n/a |